I am going to buy my first suppressor, I want to have it in a trust. And none of the dealers near me that do trusts sell the suppressor I want (able theorem s). So I found a local class 3 sot that will do the third party transfer, but I need to find my own trust. Any ideas on where to go? I looked at silencer shop and capital armory whom both offer an unlimited trust option, but not sure if they do trusts if you dont buy the gun through them.
There are options.
One, you can go to an attorney who specializes in estate planning (you may have a guy already). They can set up an NFA trust for you, it’s just like any other estate planning trust. This is what I did originally. It is all set up with beneficiaries, contingent beneficiaries, etc. It’s way more complicated than it needs to be. It was built on their standard trust model like I have for other assets but kept separate so that it is stand alone and not attached to other assets. Cost me about $200 or so for my attorney to set it up. I don’t recommend this. It is set up for asset protection and passing on wealth to your heirs, it’s great for that. Unless maybe you are going to have high dollar NFA investment items (like machine guns, ….) to pass on it is not needed. One problem is all of the contingencies built into it, which makes everything more complicated.
There are cheap simple gun trusts available online as stand alone products. These work well, I know plenty of guys who have used them. Don’t recall names, but “guntrustlawyer” or some such thing kind of rings a bell.
I am pretty sure that the larger retailers offer their trusts as stand alone products, or at least they used to. Then everything can be wrapped up into a single NFA trust as you add items. These days they largely do single shot trusts just to check the boxes, but I believe they still offer the package.
Your mileage may vary, but many SOTs have options for trusts set up for their customers. Obviously the one you spoke with does not, have you checked with any others in your area? Even if you have to travel a bit it may be worth it if you can get what you want.
The cheapest online thing is what I’d do… assuming you’re not putting real assets like your house into the trust.
Once you take possession of the can, nobody cares about the trust and all that crap. At least around here, nobody cares about cans or sbrs etc.
This is what I did, although it was an estate planning attorney that specialized in NFA Trusts. Easy, about 1 hour appt and left with the trust printed and in Word and PDF. I update the excel inventory sheet whenever I buy something which has become more than I thought originally.
Pretty easy, ~$250 or so and have been using for over a decade now.
We have a trust for our assets/house, end of life etc. NFA stuff will not go into that! I talked to a place, but they wanted an arm and a leg to do a third party transfer it was something like $300, the other place I talked to said $50 for the transfer plus $50 for the fingerprinting etc. I also found one I think I would like through capital armory shipped right to my door.